For Every Homeowner That Moves To California, More Than 2 Leave

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An open house sign directs prospective buyers to a property for sale in Monterey Park, Calif., on April 19, 2016. (Frederic J. Brown/AFP/Getty Images)
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Homeowners have been fleeing high-cost states like California for cheaper states like Arizona and Texas for some time, but the impact of high real estate prices is striking, according to an analysis by the company CoreLogic.

It says that for every buyer moving to California, more than two are leaving.

Here & Now‘s Robin Young speaks with Jill Schlesinger of CBS News about the latest data.

Guest

Jill Schlesinger, CBS News business analyst and host of “Jill on Money.” She tweets @jillonmoney.

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